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Jun 18 - 01:24 PM
EUR/USD, USD/JPY, EUR/JPY: L-Term & S-Term Trends - ING
First appeared on eFXplus on Jun 18 - 11:15 AM

ING summarizes its technical bias for EUR/USD, USD/JPY, and EUR/JPY.

 EUR/USD

Long-term trend: Down. Still moving within an 8 year falling trend channel.

Short-term trend: Neutral. Breaking below solid support around 1.1220.

 USD/JPY

Long-term trend: Down. On the verge of completing a large triangle on the downside.

Short-term trend: Down. Developing a bear flag formation, indicating a continuation of the downtrend.

EUR/JPY

Long-term trend: Down. A test of the solid horizontal support around 111.95 should be expected.

Short-term trend: Down. The picture is weakening, waiting for a break below the crucial support around 120.90.

Source:
ING Research/Market Commentary

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